Deutsche Bank plans return optimization securities tied to three ETFs

By Angela McDaniels

Tacoma, Wash., Sept. 22 - Deutsche Bank AG, London Branch plans to price 0% return optimization securities with contingent protection due Jan. 30, 2015 linked to a basket of exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the iShares MSCI Emerging Markets index fund with a 40% weight, the iShares MSCI EAFE index fund with a 30% weight and the SPDR S&P 500 exchange-traded fund trust with a 30% weight.

The payout at maturity will be par of $10 plus 2.5 times any basket gain, subject to a maximum return of 56% to 66% that will be set at pricing.

If the basket return is between zero and negative 30%, the payout will be par.

If the basket return is less than negative 30%, the payout will be par plus the basket return.

The notes (Cusip 25154N217) are expected to price Oct. 27 and settle Oct. 29.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents.

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